The Top 3 Challenges Shaping Boston Real Estate in the Coming Years
The Top 3 Challenges Shaping Boston Real Estate in the Coming Years:
1.) Soaring Property Taxes: Both residential and commercial property taxes have the potential to increase significantly, placing added financial strain on property owners and investors.
2.) Net Outbound Migration: Boston is experiencing a notable trend of taxpayers relocating to other areas, impacting local demand and market stability.
3.) Affordability and Rising Construction Costs: The city continues to grapple with overall affordability issues. Escalating construction costs are further exacerbating the housing crisis, making it increasingly challenging to develop and maintain accessible housing options people want and can afford.
Navigating these issues will require innovative solutions and collaboration across the industry to ensure Boston remains a vibrant and competitive market.
Categories
Recent Posts
Good News in a Tough Real Estate Market
Not Everything Is Selling in South Boston Right Now. Here's What Is.
Everyone’s Talking About Interest Rates- Most Are Getting It Wrong
Attention Landlords: 2 Costly Mistakes You DO NOT Want to Make
Is the Northeast Housing Market Really Immune to a Correction?
From FOMO to Facts: A Summer Shift in the Housing Market Peak?
The Multifamily Math Isn’t Adding Up Anymore
Why 2021 Real Estate Advice Will Fail You in 2025
What's Really Driving the Housing Crisis? Poll Results Are In!
What Are Sellers Getting Wrong in Today’s Market?
